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API Sounds Alarm on Gulf Oil Production Amid Endangered Species Regulation

API Sounds Alarm on Gulf Oil Production Amid Endangered Species Regulation

Oil and gas production in the Gulf of Mexico could suffer a decline unless the federal government confirms its deadline for the revision of a law regulating endangered species protection. Without it, the regulatory process to ensure oil and gas operations are carried out in accordance with the Endangered Species Act would become a lot more cumbersome and complicated, potentially affecting production. The revision was prompted by a court ruling last month in a case brought against the federal government by climate activists. They claimed the current…

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